West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-01-27
TRADE REVIEW.
OUR REMARKABLE INDUSTRIAL
GROWTH,
The Tide CT Legitimate business
Swclling-Spoculatio Falling
OT-Busincss Failures

r. G. Dun & Co.'S weekly trado review
says; "Southcrn railway consolidation has
been the feature Of tho speculative market
tho past week. In other markets the
very remarkable Industrial growth Of
tho oountry receives most attention.
Whether railway consolidation. which At the
north has been tho fruitful mother OF monop-
olies, will forward southern industrial de-
velopment. is not yet clear, nor is Il ques-
tion OF interest 70 operators, who look for
large and immediate profits from the rising
OF stocks, lands, mines and mills. But II ans
other wild wave OF speculation should sweep
over the south such as ended I'm the disasters
following ~, '57 and '73, the permanent
growth ard prosperity OF that region might
not be promoted.
Tho swelling tide OF industry and legiti-
mate business is recorded in the weekly bank
cearings and railway traffic returns This
c,oarIngs outside of New York are the largest
ever known for the season; though Boston,
Providence, Springfield and Portland In tho
North, and Galveston I'm the South fall bc-
hind last year, all other cities report n gain.
The aggregate outside OF New York increased
l0I{ per cent. for tho week.
Railroad earnings thus far I'm January
show largo gains over last year. In Decem-
ber 9s roads gained III per cent. and for the
yeag 1880 the gain n earnings is 91S per cont.
against AZ per cent In the milage. At IN"
dianapolis the past week 20 42S cars were
moved, gain OF 80 per cent over tho same
week last year.
Ia many branches OF industry the growth
is remarkable. silk manufacture consumed
4, 75I, 626 pounds OF raw silk, and l,6l1,744
waste last year against 2,5G2, 23G I'm 1890,
having moro than doubled since the census
American paper makers are rejoicing In large
orders fer book paper from British publish
orr, the use OF wool pulp here having given
this country the advantage. Louisiana
groun 9, 900 600 tons OF cano last year, aver
aging 100 pounds OF sugar 70 the ton, but
some mills already boast 100 TO 100 pounds
The Improvement notice sine, Dun's Glas'
gov estimate IL that the worlds production
for 1857 will be 4.903,0O tons OF sugar
against 4 Ala. 65l In 40. hut this country
consumed ! 033. 062 tons, only 10 900 less thar
Great Britain.
Speculation in products has ablted The
wheat sales ( jr the week we're only $1,000 ,OOO
bushels with decline OF nearly a cent; corr
aud oats rose 90 each oil 80 lard t-l6c and
pork 3jc Bar iron was advanced by th'
Eastern Association TO 9 1c, and Pittsburgh
coke makers are discussing an advance. Pig
iron and cotton are unchanged. Coffee do
clined PC, su gar I l6c, and beef about l0c.
Fair orders came for cotton goods, though
many buyers are here, Tho export and do
nestle demand for browns is good 30 far; dos
nestle woolsns have better sales, compared
with lass year, than foreign. The attempt
10 raise foreign goods in price was mot by no
advance in domestic. CassiUnereJ ans
worsteds are expected 10 sell at last yeart
prices, though materials are higher, and
English worsted yarns advance "a per pound
There IL some hesitation In opening heavy
wo, lens. The idea prevails that the demand
for wooleas generally may fall bolow last
| year, because heavy consumers bought to-
largely last year
Money Is easy, though foreign exohang,
gradually rises.
The treasury has taken about half a million
more than It paid out, Lut the receipts Of sill
YER at the New York Custom House have
fallen 20 1873 per ceut. OF the whole.
the business failures number for ths Unit
ted States 27G, for Canada p, total 3Ol,
| again,t 80 las week, go the week previous